PTC Q3 adjusted EPS beats estimates; raises FY26 guidance

PTC

29/07/2026 21:13

Overview
U.S. industrial software firm's fiscal Q3 revenue declined and missed analyst expectations
Adjusted EPS for fiscal Q3 beat consensus
Company repurchased $525 mln of shares in Q3

Outlook
PTC raises FY26 guidance for ARR, revenue and EPS, maintains cash flow guidance
Company expects FY26 revenue of $2.69 bln to $2.75 bln
PTC projects FY26 EPS of $8.46 to $9.18

Result Drivers
CUSTOMER ADOPTION - Co said improved demand capture and customer adoption contributed to Q3 performance
AI INTEREST - Co said growing customer interest in AI is influencing product strategy and customer conversations
BUSINESS MODEL FOCUS - Co attributed results to a more focused business model following divestitures

Company press release: ID:nPn4VxgQ0a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$600 mln
$608.06 mln (17 Analysts)
Q3 Adjusted EPS
Beat
$1.58
$1.57 (17 Analysts)
Q3 EPS
 
$1.03
 
Q3 Operating Margin
 
28%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Ptc Inc is $177.50, about 39.2% above its July 28 closing price of $127.51
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
July 27 - Cadence raises annual forecasts as demand booms for AI chip design 
July 29 - Industrial products maker Fortive lifts profit view on strong automation business
July 28 - Manhattan Associates Q2 results beat on cloud demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)